Community Benefit Society consultation

We are considering converting Severnside Housing from a registered company and registered charity into a charitable community benefit society (CBS).

A large number of housing associations similar to Severnside Housing are changing their status in order to become charitable community benefit societies, and Severnside’s Board is currently considering whether it is a good idea for Severnside to follow suit.

What is a community benefit society?

You may have heard of industrial provident societies – these are now called community benefit societies. A community benefit society is a type of a not-for-profit organisation that exists to benefit the community. They are registered with the Financial Conduct Authority rather than Companies House.

Severnside Housing will not be changing its name as a result of this conversion, and its services, objectives and values would not change at all. More information about why we are proposing to make this change is available in our frequently asked questions below, but before committing to this change, we would like to know what you think and so we will be holding a consultation exercise.

What happens next?

After the consultation closes on 4th January 2019 the Severnside Housing Board will discuss the proposal and all comments and questions we have received from tenants.

If, after considering what you have to say, the Board decides to convert to a charitable community benefit society, a meeting of our shareholders will be held where the formal decision to convert will be taken and Severnside Housing’ constitution will be changed.

How you can have your say

This is only a proposal at the moment and we would like to know your thoughts. We are therefore inviting your comments and opinions on Severnside’s proposed conversion to a CBS.

The consultation will run for 8 weeks and we need to hear from you by 5pm on Friday 4th January 2018.

Please make sure that you include your full name and address when you contact us. You can write to the following addresses:

Email: cbs-consult@severnsidehousing.co.uk

Post:  Richard Pringle, Senior Legal Officer, Severnside Housing, Brassey Road, Old Potts Way, Shrewsbury SY3 7FA

As well as inviting your written comments, we will also be holding two public meetings at our Shrewsbury office, the dates of which will be confirmed very soon.

Frequently asked questions

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